USD/CAD continues its journey to the upside target of 1.0960 following a Morning Star formation on the daily. With bearish formations still lacking the daily a break above the nearby resistance level could yield a push to the April highs near 1.1040.

A similar narrative to the daily is evident on the four hour timeframe after a Hanging Man formation failed to find confirmation from an ensuing down-period. This casts doubt on a potential correction for the pair over the session ahead. Further gains may be in store on a push above intraday resistance at 1.0870.